Loop Crypto - Lead Bank Collaboration… Expanding Stablecoin Payment Technology

Source: DigitalToday Original Title: LoopCrypto collaborates with Lead Bank… Preparing for the stablecoin payment era Original Link:

LoopCrypto has been reported to be partnering with U.S. community bank Lead Bank to expand stablecoin payment technology.

LoopCrypto co-founder and CEO(CEO) stated on his blog, “With the collaboration with Lead Bank, the influence and scalability of technology that can make the financial system faster, more efficient, and safer will grow significantly.”

LoopCrypto is developing digital payment solutions using stablecoins. Earlier this year, the company attracted a total of $6 million in investment, some of which was reportedly raised from prominent Silicon Valley venture capital firms.

This partnership involves integrating LoopCrypto’s stablecoin processing technology into Lead Bank’s financial infrastructure and network. Lead Bank has recently been named as a partner bank for launching stablecoin-based payment cards with major payment companies.

The CEO said, “Stablecoins are rapidly establishing themselves as a growing global financial asset,” and added, “We will open up opportunities to actually incorporate this technology into the financial system.”